First Industrial Realty Trust, Inc. (NYSE:FR) – Jefferies Group dropped their FY2018 earnings estimates for First Industrial Realty Trust in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $1.68 per share for the year, down from their prior estimate of $1.69. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for First Industrial Realty Trust’s FY2019 earnings at $1.83 EPS.

A number of other equities analysts have also weighed in on FR. Robert W. Baird reiterated a “hold” rating and issued a $31.00 price target on shares of First Industrial Realty Trust in a research report on Tuesday, January 9th. ValuEngine cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. JPMorgan Chase & Co. cut shares of First Industrial Realty Trust from a “neutral” rating to an “underweight” rating and set a $31.00 price target on the stock. in a report on Friday, December 15th. SunTrust Banks restated a “buy” rating and issued a $34.00 price target on shares of First Industrial Realty Trust in a report on Friday, November 10th. Finally, Stifel Nicolaus upped their price target on shares of First Industrial Realty Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.29.

Shares of First Industrial Realty Trust (FR) traded down $0.27 during trading on Thursday, reaching $30.00. 463,188 shares of the company’s stock traded hands, compared to its average volume of 691,064. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $3,590.00, a PE ratio of 28.04 and a beta of 1.03. First Industrial Realty Trust has a twelve month low of $25.31 and a twelve month high of $32.91.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.25. The business had revenue of $99.30 million during the quarter, compared to analysts’ expectations of $98.38 million. First Industrial Realty Trust had a net margin of 32.44% and a return on equity of 9.54%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, December 28th. First Industrial Realty Trust’s payout ratio is 78.50%.

In other news, Director Bruce W. Duncan sold 16,854 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $32.42, for a total value of $546,406.68. Following the sale, the director now directly owns 866,966 shares in the company, valued at approximately $28,107,037.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce W. Duncan sold 16,855 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $31.73, for a total transaction of $534,809.15. Following the completion of the sale, the director now owns 883,820 shares in the company, valued at $28,043,608.60. The disclosure for this sale can be found here. 1.71% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its position in shares of First Industrial Realty Trust by 9.1% during the second quarter. Neuberger Berman Group LLC now owns 15,170 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 1,268 shares in the last quarter. Swiss National Bank boosted its stake in shares of First Industrial Realty Trust by 1.7% during the second quarter. Swiss National Bank now owns 195,300 shares of the real estate investment trust’s stock valued at $5,589,000 after acquiring an additional 3,200 shares during the last quarter. Wells Fargo & Company MN boosted its stake in First Industrial Realty Trust by 5.2% in the 2nd quarter. Wells Fargo & Company MN now owns 452,025 shares of the real estate investment trust’s stock worth $12,937,000 after buying an additional 22,534 shares during the last quarter. AJO LP acquired a new stake in First Industrial Realty Trust in the 2nd quarter worth about $1,527,000. Finally, Riverhead Capital Management LLC boosted its stake in First Industrial Realty Trust by 77.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,224 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 2,724 shares during the last quarter. Institutional investors and hedge funds own 92.95% of the company’s stock.

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First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. As of December 31, 2016, the Company’s in-service portfolio consisted of 215 light industrial properties, 53 research and development (R&D)/flex properties, 167 bulk warehouse properties and 100 regional warehouse properties containing an aggregate of approximately 62.2 million square feet of gross leasable area (GLA) located in 23 states.

Earnings History and Estimates for First Industrial Realty Trust (NYSE:FR)

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